The Donor Advised Fund of The VBF is a 501(c)(3) public foundation based in Richmond, Virginia. Also known as the VBF Charitable Gift Fund and the Donor Advised Fund of the Virginia Baptist Foundation, the organization was established in 1999 and has been tax-exempt since January 2001. The fund operates as a donor-advised fund platform that manages individuals' charitable contributions and directs distributions to their chosen qualified beneficiaries.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.6M
+7.7% YoY
Annual Giving
$1.6M
+57.7% YoY
Grant Count
42
+23.5% YoY
Avg Grant Size
$38K
+27.7% YoY
Mission & Focus Areas
The organization's mission is to receive contributions and periodically distribute them to qualified beneficiaries. The fund was formed exclusively for charitable endeavors and operates as a personal giving vehicle—functioning as a combination charitable investment account and streamlined family foundation for donors.
Primary funding focus areas include:
- Christian nonprofits
- Churches and church repairs
- Education
- Philanthropy, voluntarism, and grantmaking
- Human services
Grantmaking
The organization made grants totaling approximately $1.8 million in recent fiscal years. Grant amounts typically range from $5,032 to $255,732. Recent documented grants include:
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Geographic Focus
Where this funder awards grants
The organization primarily funds organizations in Virginia, North Carolina, and Georgia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $18,603,869
- Total revenue: $3,310,000
- Total expenses: $1,990,000
- Total liabilities: $0
As of 2023:
- Total assets: $17,281,220
- Total revenues: $949,785
- Total expenses: $1,378,254
The organization maintains zero employees and operates with donor-directed grantmaking authority.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,603,869 | $17,281,220 | $17,709,689 |
| Revenue | $3,309,100 | $949,785 | $1,445,760 |
| Expenses | $1,986,451 | $1,378,254 | $1,199,251 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,467,113 | $22,631 | $570,047 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
171 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Poplar Springs Baptist Church ($255,732), Everbless Foundation ($198,927), Bonsack Baptist Church ($146,177).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS BOONE, IA | SUPPORT ORGANIZATION'S MISSION | $10,000 |
| APPOMATTOX BAPTIST ASSOCIATION APPOMATTOX, VA | SUPPORT ORGANIZATION'S MISSION | $10,753 |
| ARRABON INC RICHMOND, VA | SUPPORT ORGANIZATION'S MISSION | $20,000 |
| BAPTIST GENERAL ASSOCIATION OF VIRGINIA RICHMOND, VA | SUPPORT ORGANIZATION'S MISSION | $8,918 |
| BONSACK BAPTIST CHURCH ROANOKE, VA | SUPPORT ORGANIZATION'S MISSION | $146,177 |
| CHRIST PRESBYTERIAN CHURCH RICHMOND, VA | SUPPORT ORGANIZATION'S MISSION | $20,000 |
| CHURCH ON MAIN BLACKSBURG, VA | SUPPORT ORGANIZATION'S MISSION | $10,000 |
| COOL SPRING BAPTIST CHURCH MECHANICSVILLE, VA | SUPPORT ORGANIZATION'S MISSION | $6,600 |
| COOPERATIVE BAPTIST FELLOWSHIP ATLANTA, GA | SUPPORT ORGANIZATION'S MISSION | $33,388 |
| CRU ORLANDO, FL | SUPPORT ORGANIZATION'S MISSION | $5,700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TODD FULLER | CEO | 2 | — |
| LAWRENCE L PEACOCK | CHAIRMAN | 0.3 | — |
| EUGENE WATSON | VICE CHAIRMAN | 0.3 | — |
| STEVEN R LOHR | DIRECTOR UNTIL 4/16/24 | 0.3 | — |
| JANET C GARRET | DIRECTOR | 0.3 | — |
| ANN F BROWN | DIRECTOR | 0.3 | — |
| ED CLINGMAN | DIRECTOR | 0.3 | — |
| ROBERT L SMYTHERS | DIRECTOR | 0.3 | — |
| BRITTON L GLISSON | DIRECTOR | 0.3 | — |
| ROBERT A WHITEHEAD | DIRECTOR | 0.3 | — |
| LEAH S HOPPER | DIRECTOR | 0.3 | — |
| CHARLES G KEY | DIRECTOR | 0.3 | — |
| BENJAMIN SILLMON | DIRECTOR | 0.3 | — |
| LEIGH ANN BAGGS | DIRECTOR | 0.3 | — |
| JOY BURROUGHS | DIRECTOR | 0.3 | — |
| BENJAMIN JAMISON | DIRECTOR | 0.3 | — |
| PATRICE STOKES | DIRECTOR | 0.3 | — |
Recent Activity
Recent developments and announcements
The organization operates a donor-advised fund through which donors can direct the distribution and investment of funds. Donors may designate their funds to be invested in one or more investment options, with portfolio objectives including a Growth Fund, 60/40 Balanced Fund, Conservative Fund, and Income Fund. The organization accepts various types of charitable gifts including cash, stock and mutual fund shares, real estate, physical property, business ownership, and life insurance.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Donor Advised Fund of the Vbf fund?
The organization's mission is to receive contributions and periodically distribute them to qualified beneficiaries. The fund was formed exclusively for charitable endeavors and operates as a personal giving vehicle—functioning as a combination charitable investment account and streamlined family foundation for donors. Primary funding focus areas include: • Christian nonprofits • Churches and church repairs • Education • Philanthropy, voluntarism, and grantmaking • Human services
How do I apply for a grant from The Donor Advised Fund of the Vbf?
The organization made grants totaling approximately $1.8 million in recent fiscal years. Grant amounts typically range from $5,032 to $255,732. Recent documented grants include: • Virginia Baptist Foundation: $202,710 (December 2023) • Providence Baptist Church: $56,358 (December 2023) • Poplar Springs Baptist Church: $50,000 (December 2023) The fund distributed 29 grants in 2023, with additional grants made to various qualified beneficiaries throughout the year.
Where does The Donor Advised Fund of the Vbf make grants?
The organization primarily funds organizations in Virginia, North Carolina, and Georgia.
What size grants does The Donor Advised Fund of the Vbf award?
In 2024, The Donor Advised Fund of the Vbf awarded 42 grants totaling $1.6M — an average of about $38K per grant, based on its IRS Form 990 filings.
What is The Donor Advised Fund of the Vbf's EIN?
The Donor Advised Fund of the Vbf's EIN (Employer Identification Number) is 54-6438623. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Donor Advised Fund of the Vbf's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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